Peru's GDP Rose Surprising 7.5%

Updated June 4, 2002 9:39 p.m. ET

Peru's gross domestic product rose 7.5% in April from the same month a year earlier, the National Statistics Institute said Tuesday.

GDP rose 4.2% in the first four months over the same time frame last year, the agency said. April's rise was well above the market consensus. Deputy Finance Minister Kurt Burneo had said he expected GDP to come in closer to 4.0% or more.